Product Analyst

Position: Product Analyst

Domain Knowledge: Insurance (Mandatory)

Job Type: Permanent

Location: Hyderabad - IDA Cherlapally, ECIL and Divyasree Trinity, Hi-Tech City.

Experience: 6+ yrs.

Education: Any Graduation or PG with knowledge in Insurance Domain.

Resource Availability: immediately or a maximum period of 30 days.

Required Skills:

Knowledge of insurance domain / business, Insurance business work flows.

Strong Knowledge of All Lines of Business (LOB) in P&C Insurance.

Knowledge of AAIS and ISO as an Added Advantage.

Underwriting policies (property and casualty and other lines of insurance).

Quote processing, Identifying Risk items, Risk assessment/estimation, Coverages and

risk protection.

Policy Rating/Premium Calculations, Underwriting rules, Billing, Policy

issuance/Renewals/Endorsements, Loss handling, Claims processing and Settlement.

Job involves developing Rating system for policy admin application.

This demands very good comprehension, analytical skills, usage of excel worksheets,

preparation of rating algorithm / steps (premium calculation for policy) and setting them

up on a product configurator application.

Job Competency:

Should be sharp, have basic understanding of programming (not programming

experience) and able to develop rating steps (involving formulas, expressions,

arithmetic calculations).

Ability to work independently, self driven and have passion to excel in insurance

domain.

Candidate should have logical thinking.

Basic IT knowledge and desire to work with an IT company which develops policy

administration systems (PAS) and related applications for insurance companies.

Good communication skills to interact with customer/customer team and ability to

understand requirements for implementing an insurance system/application.

Job Roles & Responsibilities:

It is a product/system implementation support role.

Involve in developing new system (insurance application) from an existing system.

Attend customer meetings along with system implementation team members.

Refer existing system manuals/guides for business rules and rate details.

Extract business rules of existing system from manuals/guides/notes etc.

Extract rating steps, rates etc of existing system from manuals/guides/notes etc.

Consolidate business rules , Rate Steps, Rate details.

Set up extracted business rules in new system using Configurator Application (Hosts

entire configuration of system).

Set up extracted rate details in new system using Configurator Application.

Set up any other data required for building new system using Configurator Application.

Interact with system implementation team(System developers, Quality Assurance Team

members), coordinate with them and implement new system.

Test functionality of new system.

Deliver new system to customer.